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The Provision of Banking Services 2022

Dudley MBC

This public procurement record has 2 releases in its history.

Award

03 Apr 2023 at 12:43

Award Notice
Tender

14 Sep 2022 at 16:40

Tender Notice
Summary of the contracting process

The Dudley Metropolitan Borough Council has completed the procurement process for the provision of banking services. The tender was titled "The Provision of Banking Services 2022" and fell under the services category, specifically for banking services. The procurement method used was an open procedure, with Lloyds Bank Plc being awarded the contract. The contract was signed on 19th December 2022, with a total value of £286,400. The procurement stage was at the award phase, and the location specified was within the borough of Dudley.

This tender presents an opportunity for businesses in the banking services industry, particularly those with expertise in local cash management. Companies capable of delivering comprehensive banking services should consider exploring supply chain opportunities with the awarded contractor, Lloyds Bank Plc. The contract period is active, offering stability, with a potential for further extension up to two years based on performance. Interested businesses should focus on quality and pricing criteria to compete effectively in similar future procurement processes.

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Notice Information

Notice Title

The Provision of Banking Services 2022

Notice Description

Tenders are invited for the provision of local expertise and cash management capabilities to deliver comprehensive banking services

Lot Information

Lot 1

The provision of local expertise and cash management capabilities to deliver comprehensive banking services

Renewal: Initial period 1st April 2023 to 31st March 2028 with an option to extend for up to a further two years subject to satisfactory performance and price

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-036887
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/009645-2023
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£350,000 £100K-£500K
Lots Value
£350,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£286,400 £100K-£500K

Notice Dates

Publication Date
3 Apr 20233 years ago
Submission Deadline
14 Oct 2022Expired
Future Notice Date
Not specified
Award Date
19 Dec 20223 years ago
Contract Period
1 Apr 2023 - 31 Mar 2028 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Dudley MBC
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DUDLEY
Postcode
DY1 1HF
Postcode Area
Dudley
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG36 Dudley
Delivery Location
TLG36 Dudley
Local Authority
Dudley
Electoral Ward
St. James's
Westminster Constituency
Dudley

Supplier Information

Number of Suppliers
1
Supplier Name

Lloyds Bank Plc

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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